China stocks weaken ahead of March data releases; Hong Kong flat

jueves 7 de abril de 2016 01:01 GYT
 

* CSI300 -0.8 pct; SSEC -0.8 pct; HSI flat

* Investors await China March data to assess economic health

* ZTE shares slump in Hong Kong after trading resumes

SHANGHAI, April 7 (Reuters) - China stocks weakened on Thursday morning, as investors awaited a slew of Chinese economic data and remained cautious due to signs of increasing default risks in the country's corporate bond market.

Both the blue-chip CSI300 index and the Shanghai Composite Index were down 0.8 percent at the midday break, to 3,231.45 points and 3,027.47 points respectively.

In Hong Kong, the Hang Seng index was flat, while the Hong Kong China Enterprises Index dipped 0.8 percent.

Over the next week, China will release some key economic data for March. A Reuters poll showed that China's exports likely returned to growth for the first time in nine months in March while the pace of bank lending may have picked up.

Other data that will be released include China's forex reserves, inflation and money supply.

"These data will be closely watched by investors who are looking for fresh evidence that the economy is stabilizing," said Zeng Yan, analyst at Zhongtai Securities in Shandong.   Continuación...